Question: Understate net income by $ 2 , 5 5 0 . Understate assets by $ 4 , 3 0 0 . Overstate liabilities by $

Understate net income by $2,550.
Understate assets by $4,300.
Overstate liabilities by $2,550.
Understate expenses by $6,850.
Understate net income by $2,550. Understate assets by $4,300. Overstate liabilities

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